#college-costs

#college-costs

As for their overall budget breakdown, the family is paying $2,150 for their mortgage and utility bills, $180 for cell phones, $1,400 for both health and car insurance, spending an average of $800 per month on groceries, and approximately $200 per month on dining out. Now add to this $850 in car loans, $250 for gas every month, plus another $2,200 across 401(k), kids' college expenses, property taxes, and sports activities, and it's clear that this family is barely able to survive.

The anger argument against student loan forgiveness posits that because federal student loan forgiveness would incite anger among some individuals, it becomes incorrect to proceed with it. This represents an appeal to anger fallacy, where emotion substitutes for actual evidence in forming an argument. Simply put, it erroneously assumes that anger is a valid measure of correctness.

The average cost of tuition and fees at private four-year colleges has risen 181.3% over the past two decades, leading many graduates to face significant student debt.